Expert RA
The Expert RA rating agency has rated the MDM management company
June 30, 2008
The Expert RA rating agency has studied the activities of the MDM management company and gave it the A rating (high credibility and quality).
The rating was positively impacted by highly efficient asset management and excellent financial results. MDM is keen on personnel policy and has a stable team of managers. Other strong points: diversified clientele and high quality of service, particularly, multi-faceted investment strategies. Investment decision efficiency depends on services of credible depositaries, good quality analytic expertise and broad range of securities in segments of shares and instruments with fixed yield.
“There are restricting elements: a limited line of mutual investment funds and low marketing activity. Besides, increased competition and complicated stock market situation demand practical implementation of the company’s aggressive development plan”, - says Pavel Mitrophanov, Expert RA, department of investment ratings. Special risk management department, structurally independent of asset managers, may raise the rating even higher.
MDM short-term plans are to build up assets in management. The company would focus on big clients and retail business. The company would invest in personnel training, in increasing a number of agents and their role in attracting clients, and in large-scale promotion campaign.
According to the Expert RA monitoring in the first quarter of 2008, MDM is among the 60 largest Russian management companies with assets in management exceeding 2.5 bln rubles by 31.03.2008. MDM pays special attention to individual management (81.1% by 31.03.2008, 2.02 bln rubles) and mutual fund management (15.1% by 31.03.2008, 380 mln rubles.).The best funds, according to the Expert RA analysis, are MDM – world of funds, MDM – world of bonds.
Expert RA
Expert RA has affirmed the A+ credibility rating to Russian Insurance Center
June 30, 2008
The Expert RA rating agency has affirmed the A+ rating (very high credibility) to Russian Insurance Center.
The company’s high credibility is particularly explained by low unprofitability of insurance activity. The company has accumulated experience of settling big losses. The Russian Insurance Center insurance portfolio features acceptable level of risk diversification. The company’s financial status is characterized by high indicators of asset liquidity and sufficient financial reserves. “The company’s size corresponds to the nature of its business, which adds up to reliability”, - says Aleksey Tersky, Expert RA, department of ratings of financial institutions.
The insurer’s credibility is partly limited by low asset profitability and own funds.
Russian Insurance Center plans to increase its presence at the international insurance market: space, ship, cargo and carriers’ risks and regional business development.
Russian Insurance Center is a federal level insurer. Presently the company concentrates on providing insurance services to military-industrial enterprises. In 2007 the insurer collected 2.9 bln rubles of insurance premium, being 42-nd among the Russian insurers. According to Expert RA, the company’s consolidated assets by January 1, 2008 amounted to 3.86 bln rubles, authorized capital - 500 mln rubles.
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2008
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